Business
IBEX Limited Announces Record Fourth Quarter and Fiscal Year 2020 Financial Results
Fiscal Year 2020 Revenue increased 10% year-over-year to $405.1 millionNet income from continuing operations increased to $7.8 millionAdjusted EBITDA
About this update from Ibex Limited
[{"type":"text","content":"Fiscal Year 2020\n Revenue increased 10% year-over-year to $405.1 millionNet income from continuing operations increased to $7.8 millionAdjusted EBITDA increased 49% year-over-year to $54.1 millionStrong net cash flow from operating activities of $51.7 million Q4 Fiscal 2020 Revenue increased 14.7% year-over-year to $100.9 millionNet loss from continuing operations decreased to $3.8 millionAdjusted EBITDA increased 83% to $13.5 million WASHINGTON, Sept. 24, 2020 (GLOBE NEWSWIRE) -- IBEX Limited (“ibex”), a leading global provider of outsourced CX solutions, today announced financial results for the fourth quarter and fiscal year ended June 30, 2020. “Fiscal year 2020 was a milestone year for ibex–delivering record revenues surpassing $400 million, growing net income from continuing operations and increasing Adjusted EBITDA to over $50 million,” commented Bob Dechant, chief executive officer of ibex. “We continue to be focused on helping the world’s leading brands connect with their customers in unique and innovative ways, with particular focus on technology-led digital solutions. We also won important new logos with new economy and blue chip clients, and reported 100% client retention. Based on our expected revenue growth and robust pipeline, we are confident in our ability to accelerate additional customer wins, expand geographically and deliver solid cash flow in 2021.” Fiscal Year 2020 Financial Highlights: Revenue Revenue increased 10% to $405.1 million, compared to $368.4 million in the prior year. Net Income / (Loss) From Continuing Operations Net income from continuing operations increased to $7.8 million, compared to a net loss from continuing operations of $4.5 million in the prior year.Net income / (loss) from continuing operations margin increased to 1.9%, compared to (1.2)% in the prior year.Non-GAAP adjusted net income from continuing operations increased to $15.6 million, compared to $1.8 million in the prior year. Adjusted EBITDA Non-GAAP adjusted EBITDA from continuing operations increased to $54.1 million, compared to $36.3 million in the prior year.Non-GAAP adjusted EBITDA from continuing operations margin increased to 13.4%, compared to 9.9% in the prior year. Earnings Per Share IFRS fully diluted earnings per share was $0.00 in fiscal years 2020 and 2019.*Non-GAAP pro forma adjusted earnings per share increas...